EconPapers    
Economics at your fingertips  
 

On the Determinants of Investment in Sub‐Saharan African Manufacturing Firms

Neil Foster‐McGregor
Authors registered in the RePEc Author Service: Neil Foster-McGregor ()

African Development Review, 2013, vol. 25, issue 4, 573-586

Abstract: Investment is a crucial factor determining economic performance at the firm as well as the country level. In this paper I identify the determinants of the decision to invest in new plant and equipment as well as the determinants of the level of such investment for a sample of firms in 19 sub‐Saharan African countries. In particular, I concentrate on the role of property rights, external finance, trade status and firm ownership on investment. Results indicate that internationally trading firms, foreign owned firms and firms with better access to sources of external finance tend to be more likely to invest and to invest more, with little role for indicators of property rights in influencing investment decisions found.

Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://doi.org/10.1111/1467-8268.12053

Related works:
Journal Article: On the Determinants of Investment in Sub-Saharan African Manufacturing Firms (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:afrdev:v:25:y:2013:i:4:p:573-586

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1017-6772

Access Statistics for this article

African Development Review is currently edited by John C. Anyanwu, Hassan Aly and Kupukile Mlambo

More articles in African Development Review from African Development Bank Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().

 
Page updated 2021-09-12
Handle: RePEc:bla:afrdev:v:25:y:2013:i:4:p:573-586